Weichai Power: Draw a High-quality Development Blueprint with the Power of Equity Incentive

October 24, 2023，Weichai Power disclosed 2023ARestricted Stock Incentive Plan，Intends to grant 8 to 716 incentive objects,5.44 million restricted shares。It is one of the most powerful automobile and equipment manufacturing industry groups in China.，The implementation of the equity incentive plan，Will continue to deepen reform for Weichai Power、Improve quality and efficiency、Maintaining the high quality development of enterprises to provide strong impetus。

Science and technology is the primary productive force.、Talent is the first resource.、Innovation is the first driving force。All the time，Weichai Power insists on high investment in scientific and technological innovation、High platform、High level construction，Talent Team High Goal、High incentive、High contribution management。The company implements this incentive plan.，Mainly for company directors、Senior management、Middle management and core technology（Business）Key personnel，Fully activate the enthusiasm of the core management team and the core backbone.，Realize shareholders、The interests of the company and the incentive objects are consistent.，Bring more lasting benefits to shareholders、A rich reward。At the same time，Weichai Power combines the current development status、Strategic planning for the future，Developed challenging performance indicators and rigorous individual performance indicators，Close integration of personal development and company development，Create a dynamic talent ecology。

Under the new development pattern，Market competition is fundamentally talent competition.，Grasping the initiative of talents means grasping the initiative of development.。With the increasingly fierce competition in the domestic and international markets,，Through the implementation of equity incentives，Weichai Power will further establish and improve a long-term incentive and restraint mechanism.，Form a good and balanced value distribution system，Attract and retain global talent，Cohesion，Build a solid foundation for enterprise development，Boosting the construction of world-class enterprises。

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